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Invesco Taxable Municipal Bond ETF
BAB

116 hedge funds and large institutions have $389M invested in Invesco Taxable Municipal Bond ETF in 2016 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 44 increasing their positions, 31 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

42% more repeat investments, than reductions

Existing positions increased: 44 | Existing positions reduced: 31

42% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 12

4% more funds holding

Funds holding: 112 → 116 (+4)

5% more capital invested

Capital invested by funds: $372M → $389M (+$17M)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

3.39% less ownership

Funds ownership: 39.33% → 35.93% (-3.4%)

Holders
116
Holders Change
+4
Holders Change %
+3.57%
% of All Funds
3.09%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
17
Increased
44
Reduced
31
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
+$9.76M
2
Bank of America
Bank of America
North Carolina
+$9.23M
3
Citadel Advisors
Citadel Advisors
Florida
+$3.61M
4
Ameriprise
Ameriprise
Minnesota
+$3.25M
5
Invesco
Invesco
Georgia
+$2.98M

Top Sellers

1
ACM
Avalon Capital Management
California
-$4.69M
2
RJA
Raymond James & Associates
Florida
-$3.87M
3
Wells Fargo
Wells Fargo
California
-$3.57M
4
Morgan Stanley
Morgan Stanley
New York
-$3.26M
5
KC
Kingfisher Capital
North Carolina
-$1.87M
Name Holding Trade Value Shares
Change 		Change in
Stake
AG
26
Advisor Group
Arizona
$1.94M -$7.29K -231 -0.4%
AA
27
Advisory Alpha
Michigan
$1.72M +$107K +3,396 +7%
Janney Montgomery Scott
28
Janney Montgomery Scott
Pennsylvania
$1.67M +$1.67M +53,057 New
Cambridge Investment Research Advisors
29
Cambridge Investment Research Advisors
Iowa
$1.64M +$690K +21,871 +72%
LG
30
Leuthold Group
Minnesota
$1.48M – – –
YP
31
Yellowstone Partners
Idaho
$1.35M +$73K +2,315 +6%
ECM
32
Exchange Capital Management
Michigan
$1.32M -$20.5K -650 -2%
MIM
33
Marco Investment Management
Georgia
$1.3M – – –
KCM
34
Karp Capital Management
California
$1.16M +$86.8K +2,753 +8%
MFS
35
MSI Financial Services
Massachusetts
$1.14M +$67.4K +2,137 +6%
WA
36
WESPAC Advisors
California
$1.04M -$202K -6,395 -16%
BWM
37
BerganKDV Wealth Management
Minnesota
$911K -$63.9K -2,027 -7%
Commonwealth Equity Services
38
Commonwealth Equity Services
Massachusetts
$888K +$115K +3,660 +15%
Envestnet Asset Management
39
Envestnet Asset Management
Illinois
$840K -$369K -11,689 -30%
UCFA
40
United Capital Financial Advisors
Texas
$796K -$53.5K -1,697 -6%
AI
41
Atria Investments
North Carolina
$788K -$325K -10,321 -29%
BA
42
Boston Advisors
Massachusetts
$734K +$11.2K +355 +2%
CIBC World Market
43
CIBC World Market
Ontario, Canada
$727K -$313K -9,929 -30%
SG
44
StoneX Group
New York
$703K +$706K +22,392 New
PAS
45
Partnervest Advisory Services
California
$689K +$65.2K +2,069 +10%
AFP
46
Ausdal Financial Partners
Iowa
$673K -$23.1K -731 -3%
RJFSA
47
Raymond James Financial Services Advisors
Florida
$633K -$415K -13,152 -39%
FAAS
48
First Allied Advisory Services
California
$627K +$630K +19,964 New
OIA
49
Optimum Investment Advisors
Illinois
$620K – – –
AW
50
ACG Wealth
Georgia
$607K +$610K +19,349 New
1
2
3 4 5

BAB Hedge Fund Activity: Q3 2016 in Review

116 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Invesco Taxable Municipal Bond ETF (BAB) for Q3 2016, worth a combined $389M — up 4.6% from $372M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new BAB positions and 12 closed out — a net gain of 5 holders — while 44 added to existing stakes and 31 trimmed.

The largest buyer was PNC Financial Services Group, adding an estimated $9.76M. The largest seller was Avalon Capital Management, exiting entirely with an estimated $4.69M sold.

  • 116 institutional investors held Invesco Taxable Municipal Bond ETF (BAB) as of Q3 2016, up from 112 in Q2 2016.
  • Funds reported $389M of Invesco Taxable Municipal Bond ETF stock for Q3 2016, up 4.6% quarter-over-quarter.
  • 17 funds opened new Invesco Taxable Municipal Bond ETF positions in Q3 2016 and 12 closed out, a net change of +5 holders.
  • The largest Invesco Taxable Municipal Bond ETF buyer in Q3 2016 was PNC Financial Services Group, an estimated $9.76M added.
  • The largest Invesco Taxable Municipal Bond ETF seller in Q3 2016 was Avalon Capital Management, an estimated $4.69M sold.

Based on aggregated 13F filings for Q3 2016.